9111 4Th AveMiami, FL 33150

Property Details for 9111 4Th Ave

Year built

1954

Property size (Sq ft)

3,768 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Miami investment property comprises two adjacent corner lots totaling 14,000 square feet in unincorporated Dade County, offering significant development potential. Currently operating as a six-unit Airbnb generating over $250,000 annually (approximately 11% cap rate), the property features three existing houses: one with two guest rooms, and two others each with one guest room. Alternatively, the property can be leased annually to three separate single-family tenants, yielding an estimated $10,000-$11,000 in annual rent (approximately 6% cap rate). The property includes a 3,768 square foot, single-story building constructed in 1954. One lot offers space to develop an additional 1200 square foot, two-story house. Located between El Portal and Miami Shores at 9111 NW 4th Ave, Miami, FL 33150, this property benefits from its unincorporated location, simplifying permitting and development processes. The asking price is $1,500,000. Detailed diagrams illustrating the property layout are available. This presents a unique opportunity for investors seeking high-yield returns through either short-term rentals or traditional long-term leases, coupled with the potential for future expansion.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.8586

Longitude

-80.2043

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